The Money Laundering Bulletin has published a piece on the abuse of charities for terrorist financing in the Middle East, featuring comments from ICNL’s Dima Jweihan.
The article notes explores measures that governments and banks have taken to prevent the use of nonprofit organizations for terrorist financing. Jweihan, who is the executive director of ICNL’s Jordan office, spoke to the issue of bank “de-risking,” which blocks NPOs from accessing financial services. Such measures can sometimes backfire.
“If governments keep putting restrictions on NPOs from accessing funding, they will resort to processing cash, and that’s where there are risks, as it is difficult to track and supervise,” she said.